Summit Ridge Energy, a leading US-based commercial solar company, and HASI, a prominent US-based climate solutions investor, have finalized a $309 million back-leveraged term loan for 80 community solar projects. The portfolio, owned by Summit Ridge Capital Holdings—a joint venture between Summit Ridge Energy and HASI—features 216 MW of ground-mount and rooftop projects. Developed over five years, these installations serve around 20,000 customers in Illinois and Maryland. This financing underscores strong market demand for community solar and was arranged by a syndicate including Bank of America, Nomura Securities International, Inc., Prudential Private Capital, and MetLife Investment Management. Bank of America acted as the sole Structuring and Placement Agent and Joint Lead Arranger, with Nomura as a Joint Lead Arranger.
Summit Ridge Energy secures $309 million solar financing
Summit Ridge Energy’s portfolio of 80 solar projects receives a major financial boost with a $309 million loan from top lenders. (Image Credit: GLOBE NEWSWIRE)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)